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China CSSC: Intends to exchange shares to absorb and merge China Shipbuilding Industry. Trading will resume from tomorrow.
On September 18th, China CSSC announced that the company's stocks have been suspended since September 3rd, 2024 due to the planned major asset restructuring. The stocks will resume trading on September 19th, 2024. This major asset restructuring involves China CSSC issuing A-shares to all shareholders of China Shipbuilding Industry through stock swaps, absorbing and merging China Shipbuilding Industry, forming related-party transactions, without causing a change in the actual controller.
The Stock Exchange of Shanghai and the Stock Exchange of Shenzhen: 33 shares will be included in the Hong Kong Stock Connect symbol from today.
The Shanghai Stock Exchange and Shenzhen Stock Exchange have announced that 33 stocks have been included in the list of Hong Kong stocks eligible for trading through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect starting today.
gtja: The willingness for capital expenditure on ship large-scaleization continues, and the top enterprises may continue to place orders for large ships within the year.
Considering the sustained capital expenditure willingness of integrated shipping companies based on the ship's large-scale development, head enterprises may continue to place orders for large ships in 2024. In contrast to the previous cycle, it is expected that the capacity constraint of the shipbuilding industry in this cycle will be better than the previous cycle, and shipyard shortage and high ship prices will be sustainable in the coming years.
GTJA: Bullish on oil shipping due to oil price decline, seize the opportunity for counter-cyclical layout.
In the past two years, the restructuring of trade and the eastward shift of refineries have driven a significant increase in oil transportation demand, and the rigidity of tanker supply has gradually become more apparent. By the first half of 2024, the oil transportation market capacity utilization rate has already reached a threshold. The market may misunderstand the logic of the impact of falling oil prices on oil transportation, so it is recommended to take a contrarian approach.
What is the secret of cssc shipping (3877.HK)'s continued leading position?
For Hong Kong-listed companies, being able to enter the Hong Kong Stock Connect means attracting more mainland investors, increasing liquidity and market attention, which is more critical in the current context of a lack of liquidity in the Hong Kong stock market. Recently, the Hang Seng Composite Index's semi-annual index review provided an important basis for subsequent adjustments to the Hong Kong Stock Connect. At the same time, a report by China International Capital Corporation (CICC) listed 33 companies that meet the criteria for inclusion in the Hong Kong Stock Connect, and CSSC Shipping stood out among them. To some extent, this also reflects market recognition of CSSC Shipping. In recent years, against the backdrop of lackluster overall performance in the Hong Kong stock market, CSSC Shipping
cssc shipping (03877.HK) wholly-owned special purpose company Fortune CSASP III entered into a bareboat charter agreement.
Gelonghui on August 30th announced that cssc shipping (03877.HK) has entered into a memorandum of understanding and bareboat charter agreement with (including) the lessee on August 30, 2024. Accordingly, Fortune CSASP III has agreed to (i) purchase ships from the lessee at a price; and (ii) sublease the ships back to the lessee for an estimated total rent of approximately 77.539 million US dollars.
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